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Thompson Resigns as CEO of Yahoo

By

Amir Efrati And

Joann S. Lublin

Updated May 13, 2012 8:59 p.m. ET

Yahoo Inc. ended the brief tenure of its latest chief executive after a flap over a flawed biography of him in a regulatory filing spiraled into a major embarrassment for the ailing Internet company and a big victory for an activist investor.

Scott Thompson, whom Yahoo hired as CEO in January, agreed to resign over the weekend after the company's board obtained evidence that contradicted his claim of innocence about his misstated...